VCLO Fees and Costs — Simplify Volt Cloud and Cybersecurity Disruption ETF
Data updated: 2023-05-22
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $29K in broker commissions, 0.2607% of average net assets, and portfolio turnover was 267%.
VCLO Fees and Expenses
Annual operating expenses and sales charges of VCLO. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
VCLO Costs Over Time
On $10,000 invested in VCLO, assuming 5% a year before costs, total costs come to $754 over 5 years, cutting the return by 1.27% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.95%) | $100 | $311 | $537 |
| Trading costs (broker commissions) | $27 | $85 | $147 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $415 | $754 |
| Value after costs | $10,373 | $11,161 | $12,009 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
VCLO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.2607%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $10.1M
- Portfolio turnover (prospectus): 267%
- Securities lending: none during the year
VCLO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS, LLC | $19K | 64.61% |
| UBS Securities LLC | $8K | 29.61% |
| STONEX FINANCIAL INC. | $2K | 5.78% |
VCLO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $6.3M | 62.17% |
| BOFA SECURITIES, INC. | $2.7M | 26.37% |
| VIRTU AMERICAS LLC | $1.2M | 11.46% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.